Lordship Lane, London, SE22

Maria's Tortilla

Turnover circa: £335k

Adjusted Net Profit circa: £74k

BUSINESS SUMMARY

Business Name: Maria's Tortilla
Location: 120 Lordship Lane, London, SE22 8HD
Established: 2019
Type of Business: Spanish Tapas bar and Restaurant

BUSINESS DESCRIPTION

Maria's Tortilla is a popular Spanish bar and restaurant located in the heart of East Dulwich, London which is a vibrant and busy district of London. This business has an exceptional reputation for its high-quality premises which produces traditional Spanish food and extensive Spanish wine menu. The establishment is a firm favourite amongst both locals and visitors to the area with the benefit of being in a modern fully refurbished (2018) and cozy leasehold premises on a busy main high street within the leafy and affluent residential area of East Dulwich.

SERIVCE OFFERINGS

The business offers customers a unique dining experience with excellent service, excellent value, cleanliness, and high-quality food prepared in the premises. The menu contains a variety of vegetarian, fish, and meat dishes to cater for all customers' requirements taking into consideration food allergies and intolerance.

The cuisine is characterised by the sharing of flavourful bites and dishes with a chance to sample new dishes without committing to a full meal.

A traditional Spanish bar with an extensive selection of fine wines from the most interesting bodegas in Spain, from Alicante, Valdeorras, Penedes, Rias Baixas, Rioja, Ribera del Duero, Navarra y La Mancha and Basque Country.

The premises is presented with soft lighting, comfortable seating and background music to create the perfect dining experience.

The enclosed patio located at the back of the restaurant is ideal to accommodate dining al fresco, providing generous space for parties.

MARKET ANALYSIS

The food service sector, which encompasses cafes/bars is influenced by consumer preferences for full-service restaurants due to their diverse food menus, high-quality interiors, and service standards. Quick-service restaurants, though with a more limited menu are also expected to grow, indicating a diverse market with varying consumer demands .

KEY ACHIEVEMENTS

Reviews:
4.5-star rating on 'Google Reviews' with over 220 reviews.

4.0-star rating on 'Tripadvisor'

Loyal Customers: Regular, repeat customer base provides ongoing consistent revenue.
Food Hygiene: 5-star rating with the food standards agency.

EXPANSION OPPORTUNITIES

Delivery: Implementing a delivery service to cater to the increasing demand for at-home dining through directly employed staff or food app delivery partners.
Catering: Catering services for events, parties, and corporate lunches.
New Menu Items: Introducing more vegan, gluten-free and non-alcoholic options to cater to a wider audience.
Website Development: The business attracts custom through local reputation and passing trade, however there is an opportunity to develop and implement upgrades to the website with ordering capabilities for click and collect and/or deliveries.

PREMESIS

The premises has been fitted with a high-quality solid oak framed double glazed laminated shop front respecting the character of the building and quality of the area, ensuring the provision of access for all. Large windows look out the high street, providing light to the restaurant.

Oak wooden floor dominates the dining area creating and natural and warm feeling. The bar is one of the main attractions, measuring 6 metres in length and is made of solid oak with epoxy resin finish.

The bar is designed for guests to sit and dine or just have drinks. It is surrounded by twelve high quality leather stools offering adequate space for guests' comfort. The bar has been equipped with three fridges under a long oak surface, where a large iron wine rack sits providing storage and display of wines. It is also equipped with a two group Sanremo coffee machine and coffee grinder.

Two toilets are located at the end of the bar, with smooth and shiny marble floors for a sophisticated and glamorous feel.

The premises is a ground floor retail unit in an extremely busy residential area on the main parade of retail shops. The premises is available by way of a lease assignment at £35,000 per annum.

The vendor has made significant improvements to the property since inception and introduced new catering equipment and furnishings which offer a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive fit out to date.

Viewing is essential to appreciate the quality of the business on offer.

FURTHER INFORMATION

Further information is available by speaking with us and viewings are strictly by appointment only.

For more information please contact us.